Bayesian Capital Management LP Makes New $979,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Bayesian Capital Management LP purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,038 shares of the bank’s stock, valued at approximately $979,000.

A number of other large investors have also made changes to their positions in ZION. Norges Bank acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $73,542,000. Freestone Grove Partners LP acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at about $51,116,000. Boston Partners purchased a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $33,961,000. First Trust Advisors LP raised its position in Zions Bancorporation, National Association by 20.8% during the fourth quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank’s stock worth $123,016,000 after acquiring an additional 390,601 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Zions Bancorporation, National Association by 413.0% during the fourth quarter. BNP Paribas Financial Markets now owns 483,363 shares of the bank’s stock worth $26,222,000 after acquiring an additional 389,148 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.2 %

ZION stock opened at $46.50 on Tuesday. Zions Bancorporation, National Association has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.61 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $47.01 and a 200-day simple moving average of $53.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same period last year, the business posted $0.96 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.70%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 33.59%.

Zions Bancorporation, National Association declared that its Board of Directors has approved a share repurchase program on Monday, February 24th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

ZION has been the subject of a number of recent research reports. DA Davidson raised their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Argus raised Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Monday, April 28th. Morgan Stanley reduced their price objective on Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $58.76.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares in the company, valued at $2,554,136.37. This represents a 17.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now directly owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,029 shares of company stock worth $1,855,321 over the last ninety days. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.